Singapore Shares Close Higher as Trump Signs Deal to End Government Shutdown

MT Newswires
11/13

Singapore shares closed higher on Thursday, tracking regional gains as US President, Donald Trump signed off on the closure of the 43-day US government shutdown that suspended the release of critical economic data.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,551.16 and 4,575.91 throughout the day. It ended the session at 4,575.91, up 7 points or 0.2% compared to Wednesday's close.

In company news, shares of VibroPower (SGX:BJD) surged over 60% at the close as it booked an attributable profit of SG$608,000 during the fiscal first half ended Sept.30 against an attributable loss of SG$933,000 a year earlier.

Food Empire's (SGX:F03) shares were up over 9% as its revenue during Q3 was up 28% year over year to $152.6 million from $118.9 million a year earlier.

Meanwhile, shares of AEM (SGX:AWX) were up nearly 2% at the close after it booked a net profit of SG$4.0 million for the nine months ended Sept. 30, against a net loss of SG$95,000 a year earlier.

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